Applied Industrial Technologies (AIT)
Debt-to-capital ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,844,520 | 1,688,780 | 1,458,440 | 1,149,360 | 932,546 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,844,520K)
= 0.00
The debt-to-capital ratio for Applied Industrial Technologies, as presented in the provided data, is consistently zero across all specified fiscal dates from June 30, 2021, through June 30, 2025. This indicates that the company maintained no long-term or short-term debt during this period, suggesting a capital structure entirely financed through equity. The persistent absence of debt implies a conservative financial strategy aimed at minimizing leverage and financial risk. This approach may enhance financial stability and reduce interest obligations; however, it could also suggest limited utilization of leverage to finance growth initiatives. Overall, the company's debt-to-capital ratio remains at zero throughout the observed timeframe, reflecting an unwavering commitment to maintaining a debt-free capital structure.